Tecnoglass: I'm Skeptical Of The "We're For Sale" Announcement, But I Wouldn't Short The Stock
The timing on this deal announcement seems off.
Summary
Colombian window manufacturer Tecnoglass announced that it is potentially up for sale, leading to a 20% pop in the stock price.
This move doesn't make much sense to me; the company has been exceptionally successful and there is little rationale for why a sale is needed now.
I wonder if management is trying to squeeze the stock to cash out as its pr…
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